Grayscale's big move before the Ethereum spot ETF is listed, what is the impact on the spot market? 🔥
👋Before the Ethereum spot ETF was listed, Grayscale made a big move. They transferred $1 billion worth of Ethereum to Coinbase! This is a stroke of genius before the Ethereum spot ETF was listed, which makes people think about it.
As we all know, Grayscale's ETHE product fee is as high as 2.5%, so many people may still be hesitant about whether to switch to a spot ETF.
Some people believe that if most people plan to switch to a spot ETF in the short term, coupled with the reported large-scale transfer of Grayscale, the market may really usher in a wave of big selling pressure. 🤔
As for Grayscale's big move, is it preparing to sell off, or is there another plan? I believe that we will see the result in the next few days or weeks, so let's wait and see!
At the same time, in the past two days, mainstream media have begun to hype reports such as oversupply of Ethereum spot ETFs. Will this move bring the last wave of price shocks to Ethereum and other altcoins in the short term? There is reason to believe that there is still a certain possibility!
But wait, are we really going to be led by these short-term fluctuations and panic? The answer is of course no. As a rational investor, we must have our own judgment and risk control ability, only in this way can we make long-term and stable profits in the investment market!
Finally, what do you think of Grayscale's move? Are you bullish or bearish on the listing of spot ETFs in the short term? Come to the comment area to chat and share your views! 💡
